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Report on operations

Statutory External Auditing Firm
ENAV’S legal audit is performed by an auditing firm selected by means of public
tender and appointed by the Shareholders’ Meeting of 16 May 2013 for the 2013–
2015 three-year period.The same auditing firm was assigned to audit the unbundling
activities required by article 11-sexies, section 7-bis of Italian Law 248/2005
regarding analytic accounting for the identification of revenues and costs relative to
services provided by ENAV. Upon acquiring the status of an Entity of Public Interest,
as a result of the listed Bond issue in the month of August 2015, a call for tenders
pursuant to Article 16 of the Legislative Decree No. 39/2010 was published for the
assignment of the auditing appointment to an auditing firm for a period of nine
years (2016–2024).

Manager Responsible for Company's Accounting Documents
Upon specific request of the Ministry of Economy and Finance as a Shareholder of
the Company to adopt a system of corporate governance that is closer to that of
listed companies, starting from 2007 there was a request for the introduction in
ENAV of the role of a Manager Responsible for Company’s Accounting Documents
as per Law No. 262/2005. The ENAV Shareholder’s Meeting of 1 March 2007
modified the articles of association and introduced the managerial role of Manager
Responsible for Company’s Accounting Documents. Following the issue of Bonds in
the month of August 2015, due to the change in the status of ENAV, which is now an
issuer of listed financial instruments, the role of Manager Responsible for Company’s
Accounting Documents became mandatory by law falling totally under the field of
application of Article 154 bis of the Italian Consolidated Finance Act.
With reference to the appointment of such role pursuant to Article 18bis of the
articles of association, the Board of Directors, based on a proposal of the CEO and
having obtained the opinion of the Board of Statutory Auditors, appointed a Manager
Responsible for Company’s Accounting Documents, ensuring that the appointee
had all the adequate powers and means to carry out the assigned duties, and that
such duties are carried out in accordance with the administrative and accounting
procedures.
The Manager Responsible for Company’s Accounting Documents must possess
the same moral integrity requirements as for Directors of the Company and must
be selected on the basis of criteria reflecting professionalism and competence
from among candidates who have matured at least three years’ experience in
administrative positions with companies or consulting firms or professional studios.
With the favourable opinion of the Board of Statutory Auditors on 14 November
2014 the Board of Directors nominated the Administration Manager as Manager
Responsible for Company’s Accounting Documents for the 2014–2016 three-year
period and therefore up to the approval of the Financial Statements for the year
ending 31 December 2016. Said Board of Directors also passed a resolution to the
effect that the Manager Responsible for Company’s Accounting Documents should
participate in those Board Meetings where the agenda includes topics that impact
the result of operations or the assets or the financial position of ENAV or the Group
of companies to which the Company belongs in those cases where topics that

16 ENAV - Annual financial report 2015